Company Overview - Crocs, Inc. is headquartered in Broomfield, Colorado, and is a leader in innovative casual footwear, combining comfort and style with consumer value [2] - The company's brands include Crocs and HEYDUDE, with products sold in over 80 countries through wholesale and direct-to-consumer channels [2] Upcoming Events - Crocs, Inc. will host a conference call on August 7, 2025, at 8:30 am ET to discuss the results of its second quarter ended June 30, 2025 [1] - Details for the conference call can be found in the Investor Relations section of the Crocs website, and the webcast will be available live and on replay until August 7, 2026 [1]

Core Insights - Crocs Inc. is positioned for growth in the casual footwear market, despite its stock being down nearly 10% year-to-date and trading at a discount [3] - The company is one of the most profitable in the retail footwear space, with a strong focus on maintaining pricing power and brand image [4][12] Market Growth Potential - The casual footwear market is forecasted to grow at a compounded annual growth rate (CAGR) of 7.4% through 2030, with clogs specifically expected to grow at 11.4% CAGR [7] - Crocs defines its total addressable market (TAM) across three segments, all projected to grow globally through 2030 [5] Market Share and Expansion - Crocs has increased its global market share from 0.3% in 2018 to 1.0% in 2024, focusing on "Tier 1 Markets" such as the U.S., Western Europe, India, China, Japan, and South Korea [8] - The company aims to expand its direct-to-consumer (DTC) sales, which have grown from 45.1% of total revenue in 2022 to 49.7% in 2024 [10] Sales and Profitability - Crocs brand unit sales nearly doubled from 67 million in 2019 to 127 million in 2024, with the average selling price (ASP) increasing from $18 to $26 [13] - The company's revenue grew from $1.2 billion in 2019 to $3.3 billion in 2024, demonstrating strong sales growth [13] Financial Performance - Crocs has achieved a 14% annual growth in revenue and a 15% growth in net operating profit after tax (NOPAT) since 2006 [19] - The NOPAT margin improved from 4% in 2014 to 21% in the trailing twelve months (TTM), with return on invested capital (ROIC) rising from 5% to 22% over the same period [20] Shareholder Returns - The company has repurchased $2.1 billion in shares since 2019, representing 37% of its market cap, and has a remaining authorization of $1.3 billion for further repurchases [24][26] - If share repurchases continue at the same rate as 2024, it could represent 8.6% of the current market cap [25] Challenges and Strategic Focus - Crocs has withdrawn its full-year 2025 guidance due to uncertainties related to tariffs but has identified $50 million in potential savings to offset costs [30] - The company prioritizes maintaining margins over increasing sales volume, which supports a strong brand image [31] Valuation Insights - The current price implies that the market expects Crocs' NOPAT to decline by 20%, which may be overly pessimistic given the company's historical growth rates [33] - Scenarios suggest that shares could rise by over 20% even if tariffs impact margins, indicating potential upside in the stock price [36]

Core Insights - Crocs, Inc. (CROX) is trading at a significant discount compared to the industry and broader market, with a forward 12-month P/E ratio of 7.50X versus the industry's average of 20.17X [1][3] Valuation - The low P/E ratio may attract value-oriented investors but also indicates caution due to potential slowing growth, post-pandemic normalization, or brand strength concerns [3][9] - Year-to-date, CROX shares have declined by 9%, while the Consumer Discretionary sector and S&P 500 have increased by 7.5% and 2.9%, respectively [3] Stock Price Performance - CROX closed at $98.64, approximately 34.7% below its 52-week high of $151.1, and trades below its 50- and 200-day moving averages, indicating continued downward momentum [5] Company Fundamentals - Despite challenges, Crocs shows strong fundamentals with solid consumer demand across its diverse brand portfolio, particularly in clogs and sandals [10][12] - The sandals segment, especially the Style Sandals lineup, has gained market share and is viewed as a key driver for attracting new consumers [11] Growth Potential - Crocs is focusing on innovation, global expansion, and direct-to-consumer strategies, positioning itself well for long-term growth [12] - The company experienced double-digit growth in global markets in Q1 2025, with China being a significant contributor [12] Challenges - The HEYDUDE brand has underperformed, with Q1 fiscal 2025 revenues falling nearly 10% year-over-year due to weak wholesale sales [13] - Rising SG&A expenses and potential tariffs on China-based sourcing may further pressure profitability [14]

Core Viewpoint - Crocs is navigating financial challenges with stable revenue and expanding margins, despite a year-over-year revenue decline in its stock price [2][16]. Financial Performance - In Q1 2025, Crocs reported revenue of approximately $937 million, remaining flat year over year [1]. - The original Crocs brand saw a revenue increase of 2.4% year over year to $762 million, driven by international markets [5]. - HEYDUDE, acquired for $2.5 billion in 2022, experienced a revenue decline of 9.8% in Q1 to $176 million [6]. Operational Insights - Crocs has improved its adjusted gross margins to 57.8%, up 180 basis points from the previous year, indicating enhanced efficiency [5]. - The company is facing challenges with HEYDUDE, which has not yet stabilized despite some growth in direct sales [6][7]. Market Conditions - Crocs has withdrawn its full-year 2025 guidance due to macroeconomic uncertainties and rising trade tensions, particularly new U.S. tariffs on Chinese goods [8]. - Other retailers, including Sketchers and Adidas, are also adjusting their forecasts in response to similar market conditions [9]. Brand Dynamics - Crocs benefits from strong cultural momentum, with trends on platforms like TikTok and celebrity endorsements supporting its popularity [11]. - The company ended Q1 with $166 million in cash and reduced its debt by nearly $250 million, indicating a stable balance sheet [11][12]. Valuation Perspective - Crocs trades at around 6.8 times trailing earnings, which is significantly lower than competitors like Sketchers and Adidas, suggesting potential undervaluation [14][15]. - The current low valuation may not last if Crocs maintains its fundamentals and continues to grow [16].

BROOMFIELD, Colo., May 27, 2025 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for all, today announced that it will present at Baird's 2025 Global Consumer, Technology & Services Conference on Tuesday, June 3, 2025 at 8:30 AM ET.A live broadcast of the Company's presentation may be found on the Investor Relations section of the Crocs website, investors.crocs.com. A replay of the webcast will remain available on the website following the completion of the conference ...

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions [3]. Company and Industry Summary - The analysis is intended solely for informational purposes and should not be considered as professional investment advice [3]. - There is a clear indication that past performance does not guarantee future results, highlighting the inherent uncertainties in investment [4].

BROOMFIELD, Colo., May 21, 2025 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for all, today announced that the organization has elevated Terence Reilly to Executive Vice President, Chief Brand Officer, with oversight over the marketing and communications functions for both the Crocs and HEYDUDE brands, effective immediately.As a veteran brand expert, Terence has a proven track record of building lasting brand identity, connecting to relevant culture and creating s ...

Investors who choose to actively manage their portfolios, picking individual businesses in the process, probably want to beat the market over the long term. To achieve this goal, perhaps it's a good idea to look at past winners. Maybe the good times will continue.Artificial intelligence might be getting all the attention. However, there's one booming footwear stock that has skyrocketed 465% in the past five years (as of May 14). That kind of stellar performance deserves a closer look.Is this the smartest st ...

Core Insights - Crocs, Inc. reported strong first-quarter 2025 results, with revenues and earnings surpassing the Zacks Consensus Estimate, driven by effective execution across Crocs and HEYDUDE brands, disciplined cost management, resilient consumer demand, and strategic pricing [1][2] Financial Performance - Adjusted earnings per share were $3.00, beating the Zacks Consensus Estimate of $2.51, remaining nearly flat year over year [4] - Consolidated revenues were flat year over year at $937 million, exceeding the Zacks Consensus Estimate of $910 million; on a constant-currency basis, revenues improved by 1.4% [4] - Direct-to-consumer (DTC) revenues increased by 2.3%, while wholesale revenues fell by 1.6%; on a constant-currency basis, DTC revenues jumped by 3.5% and wholesale revenues were flat [4] Brand Performance - Revenues for the Crocs brand grew by 2.4% year over year to $762 million, with a 1.1% increase in DTC revenues and a 3.2% rise in wholesale revenues; on a constant-currency basis, revenues improved by 4.2% [5] - HEYDUDE brand revenues rose by 9.8% year over year to $176 million, with a 17.9% decrease in wholesale revenues offset by an 8.3% increase in DTC revenues; on a constant-currency basis, revenues improved by 9.5% [6] Profitability Metrics - Adjusted gross profit rose by 3% year over year to $541.5 million, with adjusted gross margin expanding by 180 basis points to 57.8% [7] - Adjusted selling, general and administrative (SG&A) expenses increased by 520 basis points to 34% of revenues; adjusted operating income fell by 12.5% year over year to $255 million, with adjusted operating margin contracting by 330 basis points to 23.8% [7] Financial Position - At the end of Q1 2025, the company had cash and cash equivalents of $166.5 million, long-term borrowings of $1.48 billion, and stockholders' equity of $1.97 billion [8] - The company borrowed $130 million in debt during the quarter and repurchased 0.6 million shares for $61 million, with $1.3 billion of share repurchase authorization available for future repurchases [9] Outlook - Due to ongoing macroeconomic uncertainty, the company has withdrawn its 2025 financial guidance and will not issue an updated full-year outlook at this time [10]

Core Insights - Crocs reported revenue of $937.33 million for Q1 2025, a slight year-over-year decline of 0.1%, with EPS at $3.00 compared to $3.02 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $909.56 million by 3.05%, and the EPS surpassed the consensus estimate of $2.51 by 19.52% [1] Revenue Breakdown - Crocs Brand revenue was $761.61 million, exceeding the average estimate of $744.37 million, reflecting a year-over-year increase of 2.4% [4] - HEYDUDE Brand revenue was $175.73 million, below the average estimate of $166.55 million, showing a year-over-year decline of 9.8% [4] - Direct-to-Consumer revenue for Crocs Brand was $284.80 million, slightly above the estimate of $279.37 million [4] - HEYDUDE Brand Direct-to-Consumer revenue reached $65.03 million, surpassing the estimate of $61.63 million [4] - Wholesale revenue for Crocs Brand was $476.80 million, exceeding the estimate of $467.14 million [4] - HEYDUDE Brand Wholesale revenue was $110.69 million, above the estimate of $105.40 million [4] Margin Analysis - Non-GAAP Gross Margin for HEYDUDE Brand was 46.6%, lower than the estimated 47.9% [4] - Non-GAAP Gross Margin for Crocs Brand was 60.7%, higher than the estimated 58.3% [4] Stock Performance - Crocs shares returned +1.2% over the past month, underperforming the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]